Very violtile day as seen by the spikes in the VIX - highest reading in this sell off. High around 20. A shift in the market appearing to
Argument remains weather a low vs the low.-- but regardless a rollercoster of a ride on June 8th. A guideness for resitance level: 50 day avg as for most names in the market.
Plenty of trading oppertunites especially in names which have significantly corrected in this cycle. OSX and HUI. Near-term buy cycles beging to
Commodity related themes and other cyclical places. Also other higher beta related themes that can see a bounce include biotech, semis and brokers.
Maintain tight stops, to manage violitily by narrowing timeframe.
Friday, June 09, 2006
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